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Fri, 05 Dec 2008 01:09 AM CST
OwnershipDLI shall directly sale a DLI shall directly sale a DLFA team operating license and a limited partner revenue interest in DLFA, L.P. to select, private ownership groups in each of its pre-selected DLFA consumers. Said ownership groups may not exceed thirty-five (35) persons and may be inclusive of natural persons and/or corporate entities. N No pr No DLFA ownership group, nor any individual or corporate member thereof may directly nor indirectly own an interest in any other professional American Football League nor an interest in any affiliated organization thereof. However; any said private ownership group may directly or indirectly own an interest in any non-professional football League; or any team thereof. Each DLFA private ownership group must have the following minimum, Execuive team personnel in place prior to securing a licensed DLFA team operations:
All prospective DLFA ownership groups shall be required to submit a personal financial statement in order to demonstrate their financial strength and ability to both purchase and operate a DLFA franchise on a going forward basis. All interested, prospective DLFA ownership groups should contact the DLI offices directly at: franchises@dreamleaguefootball.com or call: (214)764-9070; ext. 2 |
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